Circ re GBP250m Special Dividend and Share Cons...

For immediate release 9 July 2007

PROPOSED DISPOSAL OF SLOUGH ESTATES USA FOR US$2.9 BILLION (£1.5 BILLION), £250
MILLION SPECIAL DIVIDEND AND SHARE CONSOLIDATION - POSTING OF CLASS 1 CIRCULAR 

Further to SEGRO plc's ("SEGRO") announcement of 4 June 2007 regarding the
proposed disposal of Slough Estates USA Inc. ("Slough Estates USA") and the
related special dividend and share consolidation, a circular (the "Circular")
containing a notice convening an Extraordinary General Meeting (the "EGM") has
today been posted to shareholders.

The EGM will be held at 9.00am on Thursday, 26 July 2007, at 234 Bath Road,
Slough, SL1 4EE.

The Circular will be available for inspection on the investor section of
SEGRO's website (www.segro.com) under News and Events / Press Releases. Two
copies of the Circular have also been submitted to the UK Listing Authority ("
UKLA") and will shortly be available for inspection by the public during normal
business hours on any weekday (public holidays excepted) at the UKLA's Document
Viewing Facility, situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

For further information please contact:

SEGRO                     Tel: [phone]      John Probert              

This announcement is for information purposes only and does not constitute an
offer or invitation to acquire or dispose of any securities or investment
advice in any jurisdiction.

Overseas shareholders should inform themselves about and observe any applicable
legal or regulatory requirements. If youare in any doubt about yourposition,
youshould consult yourprofessional adviser in the relevant territory.

WHERE BUSINESS WORKS


PRESS RELEASE